ALYI - Alternet Systems Prepares For Rapid Growth Starting With Anticipated $20 Million Order
May 15 2019 - 11:37AM
InvestorsHub NewsWire
ALYI - Alternet Systems Prepares
For Rapid Growth Starting With Anticipated $20 Million Order
DALLAS, TX --
May 15, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today confirmed a
management restructuring and expansion to be announced by the end
of next week. The management restructuring and expansion is
intended to contribute to the company’s growing sales
opportunities, technology innovations and merger and acquisition
developments. The company signed $2 million dollars in orders
in the first quarter of 2019 for its ReVolt Electric Motorcycles
and has a $20 million order under development in conjunction with a
project to open an African assembly plant. ALYI also has a
number of alternative energy storage related technologies under
development. Furthermore, ALYI has a robust merger and
acquisition (M&A) pipeline. The company plans to soon
release the results of its first quarter 2019 operations followed
by a management brief further detailing the first quarter
results. Look for the management brief coming by the end of
next week. The management brief will elaborate more on the
planned management restructuring and expansion. The following
week of May 27th, ALYI plans to release the final plan
on the management restructuring and
expansion.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also has an ongoing hemp energy storage initiative leading its
current efforts to introduce an alternative to lithium
batteries.
Research Report Speculative Buy Rating And $0.09
Target PPS
Goldman Small Cap Research has recently issued a
research report update on the Company. The report confirms a
'speculative-buy' rating with a target price-per-share
of $0.09. The report provides an in-depth overview and
analysis of Alternet's new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-update or http://www.GoldmanResearch.com.
Disclaimer/Safe Harbor: This news release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the expectation
that any of the companies mentioned herein will achieve significant
sales, the failure to meet schedule or performance requirements of
the companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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